Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares to bolster its depleted finances, with Japanese high-tech stalwarts Sony and Fujifilm seen as possible buyers, the Nikkei business daily reported.
The report comes after a warning from one of the camera and endoscope maker's leading shareholders that the scandal-tainted board may try to retain control by issuing new shares to dilute the power of existing shareholders.
Olympus shares surged by their daily limit on Tuesday, after falling for four straight sessions on worries about how capital - raising may dilute existing shareholdings, with investors seeming to shift their focus to the firm's finances. (Reuters)
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